Credit, Liquidity, and Model Risk Management Director

MVB Bank; United States; Remote; USD 90,000 - 150,000; Full time

Job summary

Join a forward-thinking financial institution as the Director of Credit, Liquidity, and Model Risk Management. In this pivotal role, you will lead the implementation and execution of comprehensive risk management strategies, ensuring the bank meets its regulatory obligations while fostering a culture of accountability and excellence. Collaborate with diverse teams to identify, assess, and mitigate risks across the organization. This is a unique opportunity to make a significant impact in a dynamic environment that values innovation and inclusivity. If you are a strategic thinker with a passion for risk management, we invite you to be part of our mission to enhance financial stability and growth.

Benefits

Medical, Dental and Vision Insurance

Health Savings Account (HSA)

Flexible Spending Accounts (FSA)

Short- and Long-Term Disability Plan

Group Life Insurance

401K Salary Deferral Plan

Wellness Program

Education & Tuition Expense Reimbursement

PTO and Unique Vacation Purchase Program

Nationwide Pet Insurance Coverage

Qualifications

• 8+ years of experience in Risk Management, specifically in Credit, Liquidity, and Model Risk.
• Strong understanding of banking laws and regulations related to risk management.

Responsibilities

• Lead implementation of Credit, Liquidity, and Model Risk Management functions.
• Conduct risk assessments and develop mitigation strategies for credit and liquidity risks.
• Oversee model validation and ensure compliance with regulatory requirements.

Skills

Risk Management

Credit Risk Assessment

Liquidity Risk Management

Model Validation

Regulatory Compliance

Technical Writing

Communication Skills

Problem-Solving

Education

Bachelor's Degree in Business

MBA or Advanced Degree

Job description

Credit, Liquidity, and Model Risk Management Director

Here at MVB, our company culture defines the environment in which Team Members thrive. Our culture impacts a wide range of elements, including our purpose, values, expectations and goals that support growth and engagement – it is the secret sauce of our organization!

Our values live at the core of all that we do – Trust, Commitment, Teamwork, Adaptive, Respect, Love and Caring are our foundation for success. We are committed to fostering an environment focused on diversity, equity and inclusion, and we welcome Team Members from all walks of life. Join Team MVB today!

MVB Financial Corp. (“MVB Financial” or “MVB”), the innovative financial holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market under the ticker “MVBF.” Through its subsidiary, MVB Bank, Inc., (“MVB Bank”) and the bank’s subsidiaries, MVB provides services to individuals and corporate clients in the Mid-Atlantic region, as well as to Fintech, Payment and Gaming clients throughout the United States. For more information about MVB, please visit www.mvbbanking.com.

This role can be based remotely.

Candidates must reside in one of the following states: West Virginia, Virginia, Texas, Florida, Ohio, Pennsylvania, Maryland, Washington D.C., New York, New Jersey, Arkansas, Alabama, Arizona, Delaware, Indiana, North Carolina, Georgia.

ABOUT THE ROLE

The Director of Credit, Liquidity, and Model Risk Management will lead the implementation, execution, and maintenance of the Bank’s Second Line of Defense Credit, Liquidity, and Model Risk Management functions. This role includes establishing policies and framework standards, as well as supporting procedures and processes that ensure comprehensive risk management. The Director will report to the Chief Risk Officer and work closely with leaders across multiple areas of the Bank. This role will serve a critical function in the Bank’s Enterprise Risk Management (ERM) initiatives through the incorporation of risk analysis, assessment, and governance.

WHAT YOU’LL DO

• Oversee the Bank’s Model Risk Management function, including the Bank’s system of record and supporting governance documents (e.g., policies, framework standards, procedures).
• Develop and maintain a comprehensive and centralized model inventory consistent with the Model Risk Management Policy and Program and regulatory requirements.
• Ensure thorough identification of all models at MVB initially (i.e., prior to implementation) and ongoing.
• Develop and maintain a multi-year model validation schedule, adjusting the schedule at least annually to maintain the multi-year time horizon.
• Maintain an understanding of the existing and continued cost of validation per model type.
• Define models versus significant tools, and the requirements for each.
• Develop partnerships with model owners, developers, and model validators.
• Identify and manage model risk across the model lifecycle, including model development, implementation, and utilization.
• Present model validation results, including findings and model ratings, to model owners, senior management, risk committees, and when requested, regulators and internal audit.
• Review and monitor the remedial actions taken by model owners and developers to ensure findings are adequately addressed and timely remediation occurs.
• Support the execution of various reporting projects in compliance with model risk management policy and procedures.
• Serve as a resource for the business for model-related questions and concerns.
• Oversee the Bank’s Credit Risk Management framework, policies, and procedures.
• Conduct credit risk assessments and analysis to identify potential risks and develop mitigation strategies.
• Monitor and report on the credit risk profile of the Bank, including the performance of the loan portfolio and other credit exposures.
• Collaborate with business units to ensure credit risk is appropriately managed and aligned with the Bank’s risk appetite.
• Provide guidance and support to the management team in the development and implementation of credit risk models and tools.

Liquidity Risk Management:

• Oversee the Bank’s Liquidity Risk Management framework, policies, and procedures.
• Conduct liquidity risk assessments and analysis to identify potential risks and develop mitigation strategies.
• Monitor and report on the liquidity risk profile of the Bank, including the performance of liquidity buffers and other liquidity metrics.
• Collaborate with business units to ensure liquidity risk is appropriately managed and aligned with the Bank’s risk appetite.
• Provide guidance and support to the management team in the development and implementation of liquidity risk models and tools.

EDUCATION & WORK EXPERIENCE

• Bachelor’s Degree in Business-related field, or equivalent years of experience.
• MBA or other advanced degree preferred.
• 8+ years of experience supporting Risk Management initiatives; with direct experience in Credit, Liquidity, and/or Model Risk. SOX experience also valuable.
• Experience in interpreting regulatory guidance and using that knowledge to build policies, procedures and processes to ensure compliance.
• Understanding of the differences between models and significant tools.
• Strong written and verbal communication skills.
• Working knowledge of banking laws and regulations, with particular emphasis on FDIC credit, liquidity, and model risk management regulations.
• Proficient technical writing skills are required - presenting ideas in a clear, concise, understandable, and organized manner.
• Effective planning, organizational, time management, and problem-solving skills.
• Ability to work effectively under pressure. Flexibility and willingness to work at a rapid pace in strict time frames.
• Skilled at handling a variety of assignments simultaneously.

BENEFITS AT MVB

MVB Financial Corp., (“MVB”) offers an excellent selection of benefits for regular, part-time and full-time Team Members, including:

• Medical, Dental and Vision Insurance.
• Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA).
• Short- and Long-Term Disability Plan.
• Group Life Insurance.
• 401K Salary Deferral Plan.
• Wellness Program.
• Education & Tuition Expense Reimbursement.
• PTO and Unique Vacation Purchase Program.
• Nationwide Pet Insurance Coverage.

We encourage you to submit an application even if you haven’t performed every job duty listed above, as your skills may be transferrable. MVB is looking for ambitious individuals with related knowledge, understanding and abilities who are willing to learn and grow. What we care about most is allowing you to develop and, in return, you help us become a stronger, more diverse and well-rounded organization.